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Quanta Services Gets Thermal Plant Order - Analyst Blog

Quanta Power Generation, Inc, a
Quanta Services Inc.
(
PWR
) company, was awarded an engineering, procurement and
construction contract by Anchorage Municipal Light & Power
for the George M. Sullivan Plant 2 Generation Replacement Project
in Anchorage, Alaska. The thermal power plant will have a total
capacity of 120 Megawatt. The financial details of the contract
were not disclosed.

Quanta will begin the engineering and procurement activities
soon and expects the construction of the plant to be completed by
Sep 2016. The proposed project will be designed in a 2x1
combined-cycle configuration, utilizing GE LM6000
combustion turbine technology. The proposed plant is expected to
significantly reduce natural gas use and emissions, besides
improving the heating of the municipal water supply and providing
additional generation capacity to meet Anchorage's power
needs.

Quanta Power Generation is a full service engineering,
procurement and construction services provider to the power
generation industry for solar, geothermal, natural gas, biofuel
and other generation projects. Quanta Power is a part of Quanta
Services, Inc.

Quanta Services' Electric Power segment is benefiting from
projects aimed at upgrading and deploying electric power
transmission infrastructure. These projects are geared to improve
system reliability and delivery of renewable electricity from new
generation sources to demand centers.

Favorable industry legislation is also generating incentives
and a positive environment for utilities to invest in their
electrical infrastructure, particularly transmission
infrastructure. The company's Electric Power segment continues to
win large electric transmission projects and is expected to
derive significant benefit from transmission build-out in the
U.S. and Canada, leading to strong backlog in 2012 and
beyond.

Quanta currently has a Zacks Rank #3 (Hold). However, other
stocks in the Power sector which are worth considering at the
moment are
Pioneer Power Solutions, Inc
. (
PPSI
),
Crane Co.
(
CR
) and
Tyco International Ltd
. (
TYC
). Pioneer has a Zacks Rank #1 (Strong Buy) while Crane and Tyco
carry a Zacks Rank #2 (Buy).

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